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Toped up at £3.515 fingers crossed everyone.
i hope so - just sold £15k PRD to top up here.
Feeling an almighty RNS this week coming on all fronts.
Got 150k at 3.569 just now. Likely it shows here as a sell in 20mins as mid point really tight which is good news for some liquidity.
Trek
Apologies and yeh 10p next stop lol, just need some news on ECR front just to get the sp moving again.
Glitteratip ya plonker lol
Hopefully your right on 10p from the next RNS!
- low overheads (£1500 a month rent?)
- low legal fees
- XRF analyser to understand your cores as they come out of the ground a little further
- plans in the near future to build an on-site lab
JTB I saw that but I think that’s if you want to make many multiples of your money.
Had the same train of thought of other companies too. Other companies which I have invested to into my SIPP and I can’t see some of those points fitting in as well.
It’s risk reward but at as early stage as we are with ECR, to have the following fundamentals already in place at £30 million market cap is huge.
Bailleston:
- 100 owned.
- Your own purchased drill running non stop
- Previous campaigns carried out including Blue moon which looks to have a couple hundred thousand ounces.
- Drill hole 1 drilled at different prospect (hr3) with visual gold
- drill hole 2 well under way
- offers turned down as CB knows the mouth watering potential involved
- accessible by road
- close proximity to the fosterville mine
&
- Creswick 100% owned (currently)
- grades hitting up to 44 g/t
- high interest from majors with a JV very likely
- land application packages waiting for approval which would extend the foot print of both projects and beyond
- a CEO who has been involved in bringing projects into production
- shenyang on board as an investor who are keen to help out when they can and will help producing a mine
- £30 million mcap
- potential to be sat on a multi million oz deposit
And the list goes on and on. Load up, get yourself happy and content with your share allocation before you’ll be paying 5-10p for the privilege
Sorry wrong chat ignore last message lol
Don’t think the next RNS will be positive, can see this hitting 10p on the next release of news. Sell out buy in 33% cheaper
@Gettingby
No worries, I also looked but I'm happy to have ECR as my main hold in this sector.
https://youtu.be/O8JFFK71PCc
I thought I would repost the link to the interview and add the comments below to keep as 1.
AG1989 comments below
I’ve said it many times on here and Twitter. Many of these mining companies will never make anything of themselves. Dilution/empty promises and hot air. Dog down into the fundamentals of the company and everything he describes from 13 minutes on really fits in well with ECR
Trying to identify these companies that can make it to production, if you can get them under £150 m mcap, then there’s every chance to make 10/20/100 times your money. At £30 m , the potential here in the long term is enormous
The six things he looks for in his exploration companoes
AG1989 comments 1 to 6
1: Grade - How much commodity you have per tonne of material
2: Scale - Is there enough material in that deposit to get get a producer to want to come in and produce that mine in the future
3: Infrastructure - Are you close to power, roads, water? Are you close to existing mills where you can use the infrastructure that's already there and save a lot of capital
4: Permitting - How attainable is it to get a permit license in that particular area?
5: Solid geological team - Have you got somebody on your team that has actually made a discovery and knows how to take it to production
6: Does the team and board have a proper understanding of capital markets - of how to properly fundraise moving forward
TrekMadones comments 7 to 12
7. Are they operating in a safe jurisdiction with a stable fiscal regime... Perhaps he left than one out as his punts was in Mali!
8. Can the team progress with a degree of autonomy or are they dependent on suppliers so sat around waiting for someone else to move all the time!
9. Or how about do they have enough cash on the balance sheet at the point of investment so as an investor you don’t walk into dilution before you have a good cushion under the SP!
10. Or a bit like 9 really... is the level of capitalisation sufficient so that you are not going to be hit with a wall or warrant conversions all at once. We are now an extra 16% fully diluted! And funded well past 1 year!
11. How about has the BoD any experience of bringing a mine into production before? Do the have skin in the game?
12. Or for balance does the company have the support of an institutional shareholder(s). Well we have one Shenyang, but our new broker is working on that one.
Well I could go on just reading the headings off the top of my spreadsheet but let’s just say ECR! ECR! lol!
Usual caveats
Trek
D2C2 many thanks for posting the interview with Michael Gentile https://www.youtube.com/watch?v=O8JFFK71PCc it was a really good one and of course quite relevant to ECR.
I took a look at the companies he recommended and that he just happens to be a major shareholder and board director of - neither appealed as much as ECR for a variety of reasons. The interview must have gone really viral as the Mali stock below that he recommended was up 27.7% today on the 2nd highest volume over a year. Shows the value in having a director (or CEO) that is genuine, logical and smart giving interviews rather than the politician types most of them are (Craig not included).
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Aros&time=8&startdate=1%2F4%2F1999&enddate=2%2F26%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=2&maval=26&uf=0&lf=4&lf2=1&lf3=2&type=4&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=50&y=17
Those late showing buys are looking positive
.......MM's are waiting for news as well
Late drop was due the a low volume day and the 500k sell @ 4pm.
Nothing more sinister.
I think it only appears to be a sea of red because the buys are showing as sells due to the very tight spread near the close
sea of red at the end today, surprised as big news could be round the corner, guessing its the traders and impatient selling up
Hi D2C2,
Yes and he missed a few.
7. Are they operating in a safe jurisdiction with a stable fiscal regime... Perhaps he left than one out as his punts was in Mali!
8. Can the team progress with a degree of autonomy or are they dependent on suppliers so sat around waiting for someone else to move all the time!
9. Or how about do they have enough cash on the balance sheet at the point of investment so as an investor you don’t walk into dilution before you have a good cushion under the SP!
10. Or a bit like 9 really... is the level of capitalisation sufficient so that you are not going to be hit with a wall or warrant conversions all at once. We are now an extra 16% fully diluted! And funded well past 1 year!
11. How about has the BoD any experience of bringing a mine into production before? Do the have skin in the game?
12. Or for balance does the company have the support of an institutional shareholder(s). Well we have one Shenyang, but our new broker is working on that one.
Well I could go on just reading the headings off the top of my spreadsheet but let’s just say ECR! ECR! lol!
Usual caveats
Trek
This share seems to be stuck around 3.7p SP, it is unlikely to rise until there is really positive news. Definitely a hold for the long term though.
https://youtu.be/O8JFFK71PCc
Seems the above link to an extremely positive interview has been buried.
For those who did not see my link to the interview
And for those who did not see AG1989 comments below
I’ve said it many times on here and Twitter. Many of these mining companies will never make anything of themselves. Dilution/empty promises and hot air. Dog down into the fundamentals of the company and everything he describes from 13 minutes on really fits in well with ECR
Trying to identify these companies that can make it to production, if you can get them under £150 m mcap, then there’s every chance to make 10/20/100 times your money. At £30 m , the potential here in the long term is enormous
The six things he looks for in his exploration companoes
1: Grade - How much commodity you have per tonne of material
2: Scale - Is there enough material in that deposit to get get a producer to want to come in and produce that mine in the future
3: Infrastructure - Are you close to power, roads, water? Are you close to existing mills where you can use the infrastructure that's already there and save a lot of capital
4: Permitting - How attainable is it to get a permit license in that particular area?
5: Solid geological team - Have you got somebody on your team that has actually made a discovery and knows how to take it to production
6: Does the team and board have a proper understanding of capital markets - of how to properly fundraise moving forward
@AG, I'm sharing your enthusiasm.
Interview was spot on!
OMI have a geologist as CEO. Listening to the latest interview with Paul Johnson before, nothing about that company stands out for me. He can’t really pin point a crown jewel in his portfolio to really get the investors interested. It’s spread far too wide
We have it all here. Never been more excited more Monday to come :D
The six things he looks for in his exploration companoes
1: Grade - How much commodity you have per tonne of material
2: Scale - Is there enough material in that deposit to get get a producer to want to come in and produce that mine in the future
3: Infrastructure - Are you close to power, roads, water? Are you close to existing mills where you can use the infrastructure that's already there and save a lot of capital
4: Permitting - How attainable is it to get a permit license in that particular area?
5: Solid geological team - Have you got somebody on your team that has actually made a discovery and knows how to take it to production
6: Does the team and board have a proper understanding of capital markets - of how to properly fundraise moving forward
I’ve said it many times on here and Twitter. Many of these mining companies will never make anything of themselves. Dilution/empty promises and hot air. Dog down into the fundamentals of the company and everything he describes from 13 minutes on really fits in well with ECR
Trying to identify these companies that can make it to production, if you can get them under £150 m mcap, then there’s every chance to make 10/20/100 times your money. At £30 m , the potential here in the long term is enormous